SOLAR SHAKE-UP IMPORTED DIFFUSED WAFERS OUT, TRUE DOMESTIC MANUFACTURING | April 2025 | Vol III

At Sidebar, we keep a close watch on the regulatory and geopolitical shifts that
shape investments in India’s energy ecosystem. Over the past few weeks, we’ve had multiple conversations with founders of renewable energy companies, investors, and policymakers
—many of whom are now strategizing over their morning chai on how the latest U.S. tariffs will impact their businesses.